5paisa vs Kotak Neo

A full side-by-side comparison of brokerage charges, demat AMC, margin, platforms, features and user ratings — updated for 2026.

5paisa
5paisa
Discount Broker · since 2007
VS
Kotak Neo
Full-Service Broker · since 1994
Kotak Neo

5paisa vs Kotak Neo — quick verdict

Choose 5paisa if

You want low-cost, self-directed trading

India Ka Favourite Discount Broker

Choose Kotak Neo if

You want research and offline support

One of India's oldest stock broking companies, offering full-fledged investment services across asset classes through a single-login platform.

Company overview

5paisa is a discount broker incorporated in 2007; Kotak Neo is a full-service broker incorporated in 1994.

Parameter5paisaKotak Neo
Type of broker Discount Broker Full-Service Broker
Exchange membership NSE · BSE · MCX NSE · BSE · MCX
Year of incorporation 2007 1994 older
Number of branches 20+ Branches 1,500+ Branches & Customer Touchpoints wider
Active clients 38 Lakh+ larger 15+ Lakh (Approx.)

Charges & AMC

Account-opening and maintenance charges for 5paisa and Kotak Neo compared side by side.

Parameter5paisaKotak Neo
Trading a/c opening ₹0 ₹0 (Online)
Trading a/c AMC ₹0 ₹0
Demat a/c opening ₹0 ₹0
Demat a/c AMC ₹300 + GST per year As per applicable tariff plan
DP charges (per ISIN, sell) ₹25 per scrip (ISIN) on sell transactions ₹13.5 + GST per debit lower

Brokerage charges

How 5paisa and Kotak Neo price each trading segment, per executed order.

Parameter5paisaKotak Neo
Equity Delivery ₹20 per executed order ₹0 (Free)
Equity Intraday ₹20 per executed order ₹20 or 0.03% (lower)
Equity Futures ₹20 per executed order ₹20 or 0.03% (lower)
Equity Options ₹20 per executed order ₹20/order
Currency F&O ₹20 per executed order ₹20 or 0.03% (lower)
Commodity F&O ₹20 per executed order ₹20 or 0.03% (lower)
Call & Trade ₹100 per executed order +₹50/order

Transaction charges (exchange turnover)

Exchange turnover and clearing charges passed through by 5paisa and Kotak Neo, per segment.

Parameter5paisaKotak Neo
Equity Delivery NSE: 0.00297% • BSE: 0.00375% NSE ₹297 per Crore (0.00297%) | BSE ₹297 per Crore (0.00297%)
Equity Intraday NSE: 0.00297% • BSE: 0.00375% NSE ₹297 per Crore (0.00297%) | BSE ₹297 per Crore (0.00297%)
Equity Futures NSE: 0.00173% NSE ₹173 per Crore (0.00173%) | BSE ₹173 per Crore (0.00173%)
Equity Options NSE: 0.03503% (on premium) NSE ₹3,503 per Crore of premium (0.03503%) | BSE ₹3,250 per Crore of premium (0.0325%)
Currency Futures NSE: 0.00035% NSE ₹35 per Crore (0.00035%) | BSE ₹35 per Crore (0.00035%)
Currency Options NSE: 0.03110% (on premium) NSE ₹3,100 per Crore of premium (0.0311%) | BSE ₹1,000 per Crore of premium (0.01%)
Commodity Futures MCX: 0.00210% MCX ₹260 per Crore (0.00260%)
Commodity Options MCX: 0.04180% (on premium) MCX ₹5,000 per Crore of premium (0.05%)

Demat & DP charges

Depository (demat) charges for 5paisa and Kotak Neo — AMC, debit transactions, pledging and remat.

Parameter5paisaKotak Neo
Demat Account Opening ₹0 —
Annual Maintenance Charges (AMC) ₹300 + GST per year —
Debit Transaction Charges ₹25 per scrip (ISIN) on sell transactions —
Pledge / Unpledge Charges ₹20 + GST per request —
Dematerialisation (Demat) ₹150 per certificate + GST —
Rematerialisation (Remat) ₹150 per certificate + GST —
Failed Transactions Nil —
Demat Opening — ₹0
Transaction Charges — ₹13.5 + GST
AMC — ₹300 + GST
Pledge — ₹30 + GST
Remat — ₹150 + GST
Nil — Nil

Margin & leverage (MTF)

Intraday and delivery margin / leverage offered by 5paisa and Kotak Neo.

Parameter5paisaKotak Neo
Equity Delivery 100% of trade value (1x) 100% of trade value (1x)
Equity Intraday VAR + ELM Margin (Up to 5x*) As per SEBI peak margin norms (Up to 5x (eligible stocks))
Equity Futures SPAN + Exposure Margin (As per available margin) SPAN + Exposure Margin (1x)
Equity Options (Buy) Premium Value (Not Applicable) —
Equity Options (Sell) SPAN + Exposure Margin (As per available margin) —
Currency Futures & Options SPAN + Exposure Margin (As per available margin) —
Commodity Futures & Options SPAN + Exposure Margin (As per available margin) —

Features & account

Account type and feature availability across 5paisa and Kotak Neo.

Parameter5paisaKotak Neo
3-in-1 account ✕ No ✓ Yes better
Automated / API trading ✓ Yes ✓ Yes
Margin Trading (MTF) ✓ Yes ✓ Yes
Trading in SME shares ✓ Yes ✓ Yes
Trading platforms 5paisa Web Trade, 5paisa Mobile App, 5paisa Trader Terminal Kotak Neo Web, Kotak Neo App, Kotak Stock Trader (Nest), Kotak Neo API
Intraday square-off 3:15 PM 3:15 PM
Other Algo Trading, API Trading, Option Chain, Basket Orders, Smart Investor, Screeners, Advanced Charting, Price Alerts, eDIS, Margin Trading Facility (MTF) Advanced charting, basket orders, option chain, Trading API, research reports, Smart Orders, eMargin, MTF, IPO and mutual fund investments.

Trading platforms & apps

Trading terminals, web platforms and mobile apps offered by 5paisa and Kotak Neo.

Parameter5paisaKotak Neo
Trading platforms offered 5paisa Web Trade, 5paisa Mobile App, 5paisa Trader Terminal Kotak Neo Web, Kotak Neo App, Kotak Stock Trader (Nest), Kotak Neo API
Number of platforms 3 4 more choice
Platforms (summary) 5paisa Web Trade, 5paisa Mobile App, 5paisa Trader Terminal Kotak Neo Web, Kotak Neo App, Kotak Stock Trader (Nest), Kotak Neo API
Mobile / desktop apps Web, Mobile, Desktop Web, Android & iOS, Desktop, API

User ratings

User ratings for 5paisa and Kotak Neo across the key parameters.

Rated on5paisaKotak Neo
Fees 4.8 better 4.4
Brokerage 4.9 better 4.5
Trading platform 4.5 4.7 better
Customer service 4.2 4.3 better
Research 4 4.4 better
Overall 4.5 better 4.4

Investment options

Which investment products 5paisa and Kotak Neo let you access.

Parameter5paisaKotak Neo
Stocks / Equity ✓ Yes ✓ Yes
Commodity ✓ Yes ✓ Yes
IPO ✓ Yes ✓ Yes
Mutual Funds ✓ Yes ✓ Yes
Bonds / NCD ✓ Yes ✓ Yes

Order types offered

Advanced order types supported by 5paisa and Kotak Neo.

Parameter5paisaKotak Neo
Bracket Order ✕ No ✕ No
Cover Order ✕ No ✕ No
BTST ✓ Yes ✓ Yes
After Market (AMO) ✓ Yes ✓ Yes
GTC / GTT ✓ Yes ✓ Yes

Safety & credibility

SEBI registration, financial strength and complaint record for 5paisa and Kotak Neo.

Parameter5paisaKotak Neo
SEBI registration INZ000010651 INZ000200137
NSE member code 11104 08081
Year of incorporation 2007 1994 longer track record
Net worth ₹1,201.91 Cr ₹5,000+ Crore (Approx.) stronger
Exchange memberships NSE · BSE · MCX NSE · BSE · MCX
Latest complaint ratio 0.002 fewer complaints 0.034%

Complaints record

Exchange complaint data for 5paisa and Kotak Neo — the ratio matters more than the raw count.

Parameter5paisaKotak Neo
Latest financial year 2025–26 2025-26
Exchange NSE NSE
Active clients 16,82,541 larger base 15,40,000+
Complaints filed 29 520
Complaint ratio 0.002 fewer complaints 0.034%

Pros & cons

The main advantages and drawbacks of each broker.

5paisa

▲ Pros

  • ✓ Flat ₹20 brokerage per executed order across segments.
  • ✓ Fully digital and paperless account opening.
  • ✓ Supports stocks, F&O, commodities, mutual funds, IPOs, ETFs, and bonds.
  • ✓ Algo Trading, API integration, and Margin Trading Facility (MTF) available.
  • ✓ Advanced web and mobile trading platforms with powerful charting tools.
  • ✓ Transparent pricing and a wide range of investment products.

▼ Cons

  • ✕ Research and advisory services are limited compared to full-service brokers.
  • ✕ Call & Trade service is chargeable.
  • ✕ Annual Demat AMC is applicable.
  • ✕ Physical branch network is limited.
  • ✕ Customer support response times may vary during peak market hours.
Kotak Neo

▲ Pros

  • ✓ Trusted full-service broker backed by Kotak Mahindra Bank.
  • ✓ Low brokerage plans for active traders.
  • ✓ Advanced Kotak Neo web and mobile trading platforms.
  • ✓ Investment in Stocks, IPOs, Mutual Funds, ETFs and Bonds from one account.
  • ✓ Research reports, market insights and investment recommendations.
  • ✓ API support for algo trading.
  • ✓ Easy online account opening with Aadhaar-based eKYC.
  • ✓ Multiple order types with advanced charting tools.

▼ Cons

  • ✕ Demat AMC may apply depending on the selected plan.
  • ✕ Call & Trade service is chargeable.
  • ✕ Margin Trading Facility (MTF) is available only for eligible stocks.
  • ✕ Some advanced features are available only under specific plans.
  • ✕ Research and advisory offerings may vary across customer plans.
Open 5paisa Account Open Kotak Neo Account

Explore more comparisons

Compare 5paisa with

5paisa vs Zerodha 5paisa vs Angel One 5paisa vs Upstox 5paisa vs Groww 5paisa vs ICICI Direct 5paisa vs HDFC Securities 5paisa vs SBI Securities 5paisa vs Motilal Oswal 5paisa vs Paytm Money 5paisa vs Mirae Asset Sharekhan 5paisa vs Axis Direct 5paisa vs Choice Broking 5paisa vs m.Stock 5paisa vs Sahi 5paisa vs FYERS Securities 5paisa vs SMC Global 5paisa vs Anand Rathi 5paisa vs Jainam Broking Limited

Compare Kotak Neo with

Kotak Neo vs Zerodha Kotak Neo vs Angel One Kotak Neo vs Upstox Kotak Neo vs Groww Kotak Neo vs ICICI Direct Kotak Neo vs HDFC Securities Kotak Neo vs SBI Securities Kotak Neo vs Motilal Oswal Kotak Neo vs Paytm Money Kotak Neo vs Mirae Asset Sharekhan Kotak Neo vs Axis Direct Kotak Neo vs Choice Broking Kotak Neo vs m.Stock Kotak Neo vs Sahi Kotak Neo vs FYERS Securities Kotak Neo vs SMC Global Kotak Neo vs Anand Rathi Kotak Neo vs Jainam Broking Limited
Disclaimer: Investments in the securities market are subject to market risks; read all related documents carefully before investing. This page is for information only and is not investment advice. Brokerage, AMC and other charges change frequently — always verify against the broker's official website before opening an account. Affiliate disclosure: "Open account" links are affiliate links and we may earn a commission at no extra cost to you; this does not influence our ratings.